Suppose the United States is experiencing a balance of payments surplus. To prevent the exchange rate from appreciating, the U.S. Treasury must
A) sell dollars and buy foreign currency. B) sell both dollars and foreign currency.
C) buy both dollars and foreign currency. D) sell foreign currency and buy dollars.
A
Economics
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If the wage rate rises, then the firm's long-run marginal costs change, which in turn affects the firm's output level and its employment of labor. This phenomenon is known as
a. the substitution effect. b. the scale effect. c. the regressive-factor effect. d. the factor-price effect.
Economics
Pollution problems are usually cases of good versus evil
Indicate whether the statement is true or false
Economics
If the elasticity measure equals 1.0, then the demand is
A) elastic. B) unit elastic. C) inelastic. D) infinitely elastic.
Economics
Explain the significance of voting with suitable examples
Economics